With our free press under threat and federal funding for public media gone, your support matters more than ever. Help keep the LAist newsroom strong, become a monthly member or increase your support today.
Bankruptcy court approves Claim Jumper sale to Landry’s Restaurants
Listen
0:53
Bankruptcy court approves Claim Jumper sale to Landry’s Restaurants
Bankruptcy court approves Claim Jumper sale to Landry’s Restaurants
The Irvine-based Claim Jumper restaurant chain, which declared bankruptcy earlier this year, will be sold to another restaurant company. The bankruptcy court has approved the sale.
Claim Jumper opened its first restaurant in Los Alamitos in 1977, but lately it has struggled in the bad economy.
The company filed for Chapter 11 bankruptcy protection in September. As part of the bankruptcy deal, the restaurant chain known for its king-size portions will be sold to Houston-based Landry’s Restaurants.
Landry’s is best known as a seafood restaurant chain that also owns the Chart House and Rainforest Café. Landry’s also owns the Golden Nugget casinos in Las Vegas and Laughlin.
Sponsored message
Bloomberg.com says Landry’s will pay a little more than $48-million for Claim Jumper and will take on about $23-million of the company’s debts.
There are 45 Claim Jumper restaurants along the West Coast and in the Midwest.
At LAist, we focus on what matters to our community: clear, fair, and transparent reporting that helps you make decisions with confidence and keeps powerful institutions accountable.
Your support for independent local news is critical. With federal funding for public media gone, LAist faces a $1.7 million yearly shortfall. Speaking frankly, how much reader support we receive now will determine the strength of this reliable source of local information now and for years to come.
This work is only possible with community support. Every investigation, service guide, and story is made possible by people like you who believe that local news is a public good and that everyone deserves access to trustworthy local information.
That’s why we’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Thank you for understanding how essential it is to have an informed community and standing up for free press.
Your support for independent local news is critical. With federal funding for public media gone, LAist faces a $1.7 million yearly shortfall. Speaking frankly, how much reader support we receive now will determine the strength of this reliable source of local information now and for years to come.
This work is only possible with community support. Every investigation, service guide, and story is made possible by people like you who believe that local news is a public good and that everyone deserves access to trustworthy local information.
That’s why we’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Thank you for understanding how essential it is to have an informed community and standing up for free press.
Senior Vice President News, Editor in Chief
